Calls Purchased on Laboratory Corporation of America

Shares of Laboratory Corporation of America LH are lower on the session by 1.14%, currently trading at $92.04. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. Though action has been primarily in small lots, overall call volume is now running at 2.52x the daily average with 75% of all calls traded being purchases on the offer. Laboratory Corporation of America Holdings is an independent clinical laboratory company in the United States. The company has a national network of 51 primary laboratories and over 1,700 patient service centers along with a network of branches and STAT laboratories, which are laboratories that have the ability to perform certain routine tests quickly and report the results to the physician immediately.